Trump to Bring Back the Gas Line?
Wednesday, August 05, 2026
At RealClear Markets, Peter Grossman of the National Center for Energy Analytics considers President Trump's recent tirades against "unrealistic" gasoline prices and what an authoritarian ignoramus like him might do about them.
Along the way, a name increasingly familiar lately for other bad reasons comes up: Richard Nixon, whose brilliant solution to inflation, price controls, sounds like it would be right up Trump's alley.
I am old enough to remember gas lines and rationing fuel by allowing sales on certain days to even or odd tag numbers, but I didn't get the full picture of the carnage that wreaked: I was, after all, not even 10 back then.
Grossman fills us all in on what we can expect if Trump pulls such a stunt:
Refiners and retailers had to petition for price increases, and couldn't automatically pass on rising costs. Decisions were handed down at the start of the following month. As a result, many gas stations simply closed during the final week of each month while waiting for approval to raise prices. Allotments were also made monthly, and some stations had to close toward the end of the month having run through their supplies before they could replenish their stock. This only lengthened gas lines.Any economist who knows what he is talking about in the least will warn against price controls, but in the Trump era, will they be heard at all?
Because stations could not just pass along costs, government controls squeezed station profit margins. Consequently, hundreds of stations closed for good in 1973-4. [bold added]
They're not part of Trump's inner circle, and he made it clear long ago that they aren't wanted in his party.
In a time when the brain-dead and those who pander to them mock "experts" and "elites" -- while praising blind faith in a single, not-too-bright individual -- it will be the voices who could easily spare us a lot of pain who are least likely to be heard.
Trump supporters would do well to consider how similar the idea that Trump will do it right sounds to the socialists who are even now saying This time, it will work!
And vice versa.
I won't be holding my breath.
-- CAV